Energy

On July 27th Prince Alwaleed bin Talal publicly opened Pandora’s Box, by releasing an open letter to the Saudi Minister of Petroleum, Mr Ali Al-Naimi, voicing his concerns about the longer-term implications on the Saudi economy of the US shale gas boom. The concerns are both real and relevant – in fact it is something…

On June 20th it finally happened – the WTI contract flipped from having been in contango for the best part of 5 years, to flipping into backwardation in not only the first month, but along the curve. Let’s start by taking a step back and understand why the forward curve behave the way they do,…

Once upon a time… …smoking was healthy, …the sun circumvented Earth …cleanliness was unhealthy and Renewed US energy independence just wasn’t. But things change, and clearly so does policy. President Obama last week stated in his speech at Georgetown University, that climate change policy is far from something new, and makes some attempts to link…

bawerk.net

“Value does not come out of the workshop, but out of the wants that goods satisfy”
The quote by mr Eugen von Böhm-Bawerk is as true today as it was more than 100 years ago, even though modern pundits often ignore the simple fact. This blog is not an attempt to revive mr Böhm-Bawerks thoughts, life and deeds, but from a sober view of the world comment on and analyze ongoing events.
We aim to take the analysis a step further.
We question accepted truths and always strive to answer the simple question “why?”
We are opinionated.
We hope you will enjoy the ride.